What does the future hold for the DB transfer market?
Equilibrium FP partner believes an inconsistent ‘flow of work’ can leave industry in ‘danger zone’
PI Insurance
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Review of financial advice in 2020
Industry players weigh in on the year that will be remembered ‘for its impact on people’s wealth’
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Advice trade body calls for FCA fines to contribute to FSCS
Watchdog can ‘make better use’ of powers ‘to prosecute firms for criminal offences than it currently does’
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PI cover rise for 95% of PFS members with DB permissions
Over a third of financial advisers saw their premiums soar by more than 50%
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Mandate qualifications for advisers, UAE regulator urged
Move will help ‘weed out the unscrupulous elements who bring ill-repute to professional advisers’
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Advice network snapped up out of administration by rival firm
It was forced to fold due to ‘continued weakness in investment markets’ and ‘ever-mounting’ PI costs
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FCA sends advisers second DB transfer survey in five months
Speculation UK watchdog is looking to remove permissions from firms not active in the market
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HMRC to force tax advisers to hold PI cover?
Some in the industry are ‘incompetent’ and others ‘actively bend or break the rules’
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FCA can’t give ‘specific comfort’ of when FSCS levies will fall
As newly appointed CEO says second lockdown may be the ‘tipping point’ for small firms
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FCA is ‘out of control’ says advice firm CEO
Rising PI, regulatory fees and levies mean ‘we need to have an industry voice at the table’
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DeVere secures captive insurance licence in Guernsey
Newly established firm will underwrite PI cover
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83% of advice CEOs believe they won’t get affordable PI cover
Professional indemnity insurance is a ‘genuine existential threat’ to the industry